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firm calls sure bets. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's thursday, january 10th. i'm angela miles. in today's first look: snap back: after two sessions of selling, stocks rallied wednesday on the heels of better-than-expected earnings from monsanto and alcoa. investors are liking facebook. the stock surged above $30 wednesday on word the company will reveal a mystery product next tuesday. that's the highest its been since july, but still below the $38 ipo price. and, labor secretary hilda solis is resigning from her position with the obama administation. stocks made a comeback. jared levy of zacks.com joins us now with some comments on that. what do you think? is this the beginning of something bigger out there jared? > > you know angie, the past couple of days have really been more sideways than anything. markets are trying to figure out where they go from here, and the answer lies in earnings. we are going to talk about a couple of them in just a second, but i think, coming out of q3, q4 expectations have come do
company with real products, customers, and solid management. ackman bet one billion dollars against herbalife's stock, and called for the ftc to shut it down. herbalife shares were down 70% at $39 thursday. the nomination process for the next treasury secretary is moving forward with president obama naming jack lew as his pick. "i trust his judgement, i value his friendship, i know very few people who have greater integrity than the man to my left." lew currently serves as the chief of staff in the obama administration and could become treasury secretary when timothy geithner leaves later this month. joining us now via skype with insights is jim bianco of bianco research. how is wall street responding? > > lukewarm on the jack lew nomination. they're not really that thrilled. > other than lew's poor penmanship, how well will lew's no-drama approach play out in the upcoming debt ceiling talks? > > in the debt ceiling talks it is going to be interesting. other than the no drama, he has got a history of being confrontational with republicans, and that is going to be difficult because t
. >> wow. i bet that throws you back in the seat. >> a sneaking suspicion it's going to go well today. that's all i'm going to say. >> the officials from guinness took a ride in this car and said he never felt anything like it. getting from zero to 60, the number we're used to hearing, in 0.5 seconds. look at the speedometer, you can see the numbers just flipping by before he's even out of first gear. >> first gear you're going, like, 12. >> yeah. then -- >> yeah. >> if speed what you're after it's going to cost you some money. about $1.2 million for the venom gt. >> does it wobble, you know when you get to 85, my car just -- >> you get a little wobbly feeling. >> i'll pretty sure this car does not wobble at tremendous speeds. that's the whole point of it. >>> scotty pinwheel. meow. meow. bobby pinwheels! ♪ >> come on. bark. come on. good. >>> have you ever wondered what your hair says about you? ♪ >> this is jenna marbles interpretation of what your hair says about you. >> wearing your hair straight down like this, i'm trying to impress you. curled, i'm really trying to impress you. cu
's it's like this, with the fists out. >> i bet the center of gravity gets thrown off. that looks like so much fun, and why don't i have that yet? >> this one was actually home-built. these guys put it together. they wanted to accomplish a flying superman rc and they did. the people who shot the video were just driving down the interstate and like, wait a minute. is that superman? >> a great thing to bring the kids to. look. he's real. if you need somebody to leap buildings in a single bound, there's your guy. >> can you imagine showing your kids that? >> then make a lex luthor one and have them fly around and fight in the air. >> lex luthor didn't fly. he staid in his subway. >> he was in a subway station. it had water in t. dastardly making sandwich order wrong. you said muss tard? i put mayo! >>> i have a music video of the coolest music using a 25 million-year-old lake as an instrument. >> no joke! ♪ >> if you would have asked me what i was listening to, i wouldn't have guessed a frozen flake 25 million years. >> i'd have said bongos. it sounds like a set of bongos. ♪ >> the vi
of the way. remarkably, nobody injured in this. pedestrians ignore the drivers. >> i bet the guy driving the minivan was turning and didn't realize there were pedestrians in the crosswalk, sloe e slowed and got t-boned. >> i can't believe these people stayed on their feet. guardian angels are really busy right now. >>> not long ago, i braought yo guys this video. i'm sure you remember it. the deer that was in the fenced in backyard, tried to escape, got caught in the rod iron fence. >> we know it has a happy ending, but it's painful to watch. >> evidently these fences are a hazard to small deer. this, we believe, is in san antonio, texas. look at this little guy. listen to him crying for help. but this guy behind the camera and a friend or neighbor, they come to the rescue. they seem to know exactly what to do. they've got a white towel they put over the deer's face. watch. once they get the towel there, this deer completely calms down and just is kind of drooped over, laying on the ground. you can see some wounds on the deer's skin, but not serious. >> and it looks like the hind legs ar
, you bet you can. the biggest threat, i think, to rising gasoline prices for next year is the government for heaven's sake! these guys are talking about raising the national gas taxes. it seems like here in washington they have never met a tax that they don't like. they are the first ones to complain when gasoline prices are going up, but they take more tax revenue from are gases, and now they want even more. so, you bet it can. it can go either way. and i will tell you another thing: if it seems like we are just going to raise taxes through the stratosphere, it is going to actually at some point maybe bring gasoline prices down, because if you tax too much, i think it could push us into a recession, and that would lower gasoline demand and bring prices down. but that's not the way you want to see gasoline prices go. we will keep our eyes on those lawmakers and that gas tax. thanks for being on the show today. that is phil flynn, fox business news contributor and price futures group trader. just ahead, how traders are hoping to profit on this year's consumer electronic
to stop $6 billion in losses from risky derivatives bets last year. dimon will reportedly take home $11.5 million in compensation from 2012, down sharply from the $23 million he earned in 2011. dimon says he "respected" the board's decision. goldman sachs and morgan stanley are the latest firms sending homeowners checks for wrongful foreclosure activity. in total, both firms will pay $557 million to over 200,000 borrowers. federal regulators have forced other banks, including bank of america, jp morgan and citigroup, to pay similar fines. the fed says banks rushed the foreclosure process during the financial crisis. shares of hewlett packard shot up 4% on a report a buyer is interested in its "autonomy" division. autonomy is the software company hp picked up in 2011 for $11 billion. later, hp revealed that executives with autonomy allegedly fudged accounting numbers. autonomy execs deny the allegations. hewlett-packard won't say if the buyout offers are true. the federal trade commission will uphold a decision that popular juice maker pom used deceptive ads. pom wonderful advertises its
's berkshire hathaway performed better than the rest of the market, mostly by betting on banks. the oracle of omaha is known for his stock picking stragtegies. for 2012, buffett's berkshire class-a shares gained 17%, while the s&p 500 index advanced 13%. among the top performers in the buffett portfolio, wells fargo, american express and... there was also that $5-billion wager on bank of america. buffett bought shares of b.a.c. at $7.14 in august of 2011. the stock now trades around $12 and jumped more than 100% last year. it's likely intel's new tv service will not be ready in time for this month's consumer electronics show. the chip- maker is creating a new video cable & streaming service that offers individual channels and even individual shows on an a la carte basis to subscribers, rather than the usual bundle of channels. the wall street journal reports that negotiations with content providers have delayed the launch of intel tv until later this year. tvs with supersized screens are heading to households. lg electronics is taking pre-orders for "ultra" tvs. the 55-inch set uses organi
pushed to take big bets. that's later. but first, the shocking truth over the web of lies about flame retardents. why it's more toxic than you think. bill moller joins us next, after this "in the know" message. last spring the chicago tribune broke an explosive story about toxic flame retards used in furniture & the deceptive campaign to create demand for these chemicals. the reporting brought on all kinds of federal and state scrutiny. now the industry has come forward with a scientific report which has already been cited in congressional hearings. in a follow-up investigation, the tribune has found this study too is highly flawed. reporter sam roe wrote the story for the paper. first sam, in a nutshell, what did the paper find as to these flame retardants? > > the flame retardants don't work as advertised. they're in furniture throughout america and virtually every home, which would be great if they slowed fires, but what we found is that the data doesn't support that. they are not really effective, yet they pose health risks: they get out, they migrate, they get into us, they get i
to give us that kind of information. thank you. that's tim biggam of trading block. > > you bet. thanks angie. we are running out of time for today. be sure and come back tomorrow for a preview of the films movie studios will roll out this winter. find out which ones are worth your money. from all of us at first business, thank you for watching.
on that is 45. just for a halfway retracement from 2007 highs to these recent lows. > > we'll get a bet on that one, too. > round three: wing ding: chicken wing prices will be the highest ever for the superbowl this year as corn feed costs soar. what's ahead for grain futures in 2013? > > i am the chicken expert here. it takes 2 lbs. of grain to make 1 lb. of chicken, so that is the reason you have got these prices up 30% from last year. so it will be interesting to see what the weather brings us for next year. that is the one thing that you can't predict and you don't know what is going to happen. > > weather will be important, but you also look at u.s. farmers. they are going to plant 99 million acres of corn. that will be the highest level since the 1930's. there is going to be way too much supply on corn. i think the ags are going lower. > > rain makes grain. without moisture we get no grain. and right now we have no snow cover on the ground here in chicago. 55 degrees in- > > i want to do one more trade: i want to short chicken wings and buy chicken ribs. > i love it. let's take a
close to the lead biker here, but he got a fat ticket. >> i bet. >> $1,300. >> driving a porsche. he can afford it. >> he can. his porsche is about $96,000 if you buy it off the lot. she also banned from driving for six months because of this. >> ah. >> now the porsche will be collecting a little bit of dust. >> yep. according to police, they say when he went in and talked about it, he referred to himself as an idiot for doing this. >> good. at least he admits his mistakes. >>> a class of engineering gets a really important call. [ applause ] >> this is like michael jordan calling, you know, basketball camp. >> we'll reveal the mystery caller, next. >>> and this is not your average skateboarder, because this guy is blind. >> what? >> see him (woman) 3 days of walking to give a break cancer survivor a lifetime-- that's definitely a fair trade. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful (woman) why walk 60 miles in the boldest breast cancer event in history? because your efforts help komen serve millions of women and men facing breast cancer every year. visit
. crunches right through the front glass doors. >> bet it was somebody who pu pulled into the parking space and bent down to take something into the store and they smashed their foot on the gas and you can't see their head because they're bent over and saying what's going on? >> good hypothesis, beth. >> a lucky driver on a snowy road. >> i feel like every one comes from the same road. >> every time. >> i agree. >> i don't want to drive on this road. >> you don't. look what happens. >> tractor trailer and the oncoming direction gets out of shape, jackknifes, slides across the double line. the car we're riding in just barely escapes. that's hard to watch and not go like this. >> we're dodging it. >> information on this says the person was not injured. >> that's great they weren't injured. >>> calm wintry scene until -- >> all of a sudden you see a rush of water almost like a rapid just coming down around the bend and into this guy's view. >> we'll reveal what caused the icy river rush next. >> a heist at a clothing store. when you hear what they took, you might wonder -- >> maybe they have a
of the rifle association bet that the bill is going to fail. >> i would bet that the likelihood is that they are not going to be able to get an assault weapons ban through this congress. >> reporter: schumer called on wal-mart and others to suspend selling rifles. >>> back in action and back on the ice, sharks fans fill the stands now that the nhl lock out has ended. but they'll still have to wait to catch a game. >> these are few and far between. the jersey, the player and the signature move that has the bay area here you go little man. [ humming ] [ babbng ] the cheerios bandit got you again? [ both laugh ] ♪ the one and only, cheerios ...and now... you! [ giggles ] ♪ the one and only, cheerios >>> now to our continuing coverage of the san francisco 49ers and there is no cooling off the team or its fans after last night's big win. the niners are just one win away from a spot in the super bowl. here's a look right now at san francisco city hall. it is lit up in team covers and the red and gold glow will last as long as the team's postseason runs. and deborah villalon has mo
. >>> the mayor of santa clara the future home of the 49ers is waging a big bet. jamie matthews is wagering snoopie and charlie brown stuffed animals. and mayor miller is waging a case of wrigley gum. >>> auto maker toyota has settled the first of hundreds of wrongful death lawsuits. toyota says it reached an agreement to a suit from 2010. even so hundred more lawsuits over wrongful death remain. >>> lawmakers are cracking down on energy drinks. three democratic lawmakers are requesting lists of ingredients from 14 energy drink marketers and any company studies listing risks and benefits. city attorneys are also looking for marketing claims. >>> too close for comfort. in news of the world the incredible encounter two fishermen had with a giant shark. >>> back here in just 10 minutes, it's warming up around here. i'm going to let you know which day on the holiday weekend will be the warmest. we'll also take >>> authorities are issuing a warning about a new scam involving gift cards. santa cruz sheriff's deputies say they have found tampered cards. they say the bar code is covered by another
is a neat looking one. you look toward the weekend. i bet you if you look around you're going to see a 58 or 60- degree reading some where on saturday and sunday. >> that's going to feel like 90 compared to what we've been having. >> it's been a while. >> yeah, really, really nice. >>> a $50 million measure passed the house to help sandy storm victims. conservative republicans tried to cut the amount or offset the cost with spending cuts. the money is slated for housing and repairs for transit systems. the measure now goes back to the senate wh jack! what happened? me and jason came back with drinks and all 20 nuggets were gone. we got nugged. there was a nugging. this guy just came running up... dip! dip! dip! shoveling 'em into his face! give me your nuggets- -we're like "no! save some for our boyfriends!" need more nuggets? jack's crispy, all-white meat chicken nuggets come with a choice of seven awesome sauces. an order of 20 is only $4.99 we should probably call the cops. i'll just get you more nuggets. no, thanks, i'm stuffed. >>> new details now on tonight's contentious meeting of
ken mention they sold out within minutes. now your best bet is to go to ticket brokers such as ticket master or stub hub. >>> our coverage of saturday's game starts at 4:00 p.m. with a ktvu pregame show. then fox picks up network coverage at 4:30 with kick offset for just after 5:00. following the game, look for ibanez covering the postgame. >>> federal regulators have reached an agreement. regulators say eligible borrowers will be contacted by the end of march. the claims will be divided between people in danger of losing their home. those who have not signed into the deal are still in federal negotiations with federal regulators. >>> anti foreclosure activists rallied for a woman fighting to save her home. protesters with the alliance of californians for community enpowerment shut down the wells fargo. >> the settlement suspect the problem. the problem is keeping people in their homes. >> wells fargo says the company welcomes open discussion. >>> dow lost 50 points today, the nasdaq dropped two. investors seem to be turning their attention to corporate profits with quarterly earning
the divisional game, 45-31 and it wasn'taffeta that it was not that close of you can bet that colin kaepernick who ran for 181 yards today a record. te play atlanta right here on sunday on fox 2. >> he just elevated himself in the national football league. >> forget rg3 and forget cam newton. forget michael vick. this is a guy ho is setting a new paradigm as a quarterback. how you run that read option and he strong. he is fast. and he is something to watch. >> sure is. >> thank you, fred. >>> thank you, fred, bart today decided to delay maintenance work this evening that would have caused major delays for fans heading to and from the niners game. a spokesperson says the work was uptowned from 8:00 to start at 10:00 tonight. to accommodate all the increase in passengers. riders who use bart after 10:00 tonight may experience some delays and some you may need to transfer trains to reach your destination. >> i hope it's a game changer. >>> coming up a little bit later at 10:30, protecting players on the gridiron. the pioneering study being done at stanford that aims to unlock the mystery beh
at school high fiving him. it felt great. >> i bet he's really popular. >> but they didn't win the game. >> but he got the shot. >> thanks mark. >> and thank you for trusting ktvu channel two news. wow. want to start the day with something heart healthy and delicious? you're a talking bee... honey nut cheerios has whole grain oats that can help lower cholesterol. and it tastes good? sure does! right... ♪ wow. delicious, right? yeah. it's the honey, it makes it taste so... ♪ well, would you look at the time... what's the rush? be happy. be healthy.
feel like we can play better and this saturday, it's going to call for our bets because we can't afford to not play our best football. play our best defense, and go home because there's no tomorrow. no next week. >> you think about hawaii you're thinking one of the warmest most beautiful spots but they've had freakish weather of late. the high winds delaying today's finish in the championship there. by today, find round johnson chipping for eagle at 14. he had a three shot lead at that point. birdies out at 18. 4-under 68 over steve stricker for dustin johnson in hawaii. >>> no better time to be a sports caster than right now. at least most of the time it can be pretty safe and sound. easy job but dangerous as a tv minneapolis reporter found out this past weekend. prior to the vickings-packers game. have a look and a listen. >> under attract -- go ahead i'm not going to get in trouble. it worked in practice. >> man, ouch. the camera man there is the one who ran into her. he get -- he gets a little carried away. but happy to report, she is fine. and she can take a hit. >> you're laughin
that? >> ever since he started. >> reporter: i bet you get lots of double takes. >> sometimes. sometimes. [ laughter ] >> reporter: i swear i expect to see a no. 7 on you. [ laughter ] >> whether or not the 49er make their sixth super bowl appearance will be determined tomorrow, but one thing we know for sure, 49 fans travel well. at the georgia dome in atlanta, joe fonzi, ktvu channel 2 news. >>> told you he looked an awful lot like colinment we'll hear from the players themselves' they get ready for tomorrow's big match up and be sure to stay with ktvu's game day coverage beginning with miles per hourings on 2. that is followed by championship play back and championship chase. fox picks up coverage at 11:00 a.m. for kickoff set for just after noon. our "point after" show after as right after the game. >>> there were tense moments for several surfers and their rescuers near san francisco's ocean beach as ktvu's patti lee tells us that the power of the ocean almost overwhelm surfers. >> reporter: rescue crews from the coast guard and san francisco fire department searched for
of the white house with chief justice john roberts doing the honor. and you can bet that chief roberts said the words carefully. four years ago he said the oath wrong. so president obama is the first to have been sworn four times. this morning, joe biden was sworn in by sotomayor. then there was the wreath laying ceremony. and the first couple also attended the episcopal church for martin luther king celebration. >> reporter: when a president and vice president are sworn in it's only for a four year term so if they're reelected they needed to be sworn in for a second four year term. reporting from washington, d.c., i'm tori campbell, ktvu news. >>> more details on predictions. aides say the president is taking the challenge of a second term very seriously and that he's still working on his speech. they expect him to strike a balance between calling for unity and admitting that not all issues can be resolved. and while mr. obama will announce his vision for the country he'll likely save details for his state of the union speech to congress. >>> veteran news woman barbara walters was hospital
. >> we know that the free market works bet for everybody when we have smart, commonsense rules in place to prevent irresponsibility behavior. >> the president focused on his nominations of mary joe white to the securities & exchange commission and richard cordray as the continuing leader of the consumer financial protection bureau. the president said both are former prosecutors who will help protection american consumers and enforce the law. >>> iowa senate tom harkin announced he will not seek a sixth term. the democratic is 73-yards and said his age did play a role in his decision. president obama released a statement thank youing harkin for his service. >> today former republican vice-presidential candidate paul ryan called on members of his party to stick together and pick its fights carefully. the congressman perfect wisconsin says republicans should be prepared for president obama to try to delegitimize them during his second term. ryan said it's important that the g.o.p. does not allow itself to be vilified, but rather provide better ideas than democrats. >> we'll need to use
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